Insider Selling: Lars Erik Arnell Sells 5,000 Shares of Republic Airways Holdings Stock (RJET)
Republic Airways Holdings (NASDAQ:RJET) SVP Lars Erik Arnell sold 5,000 shares of the stock on the open market in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $10.75, for a total value of $53,750.00. Following the sale, the senior vice president now directly owns 55,000 shares of the company’s stock, valued at approximately $591,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Republic Airways Holdings (NASDAQ:RJET) traded down 0.46% during mid-day trading on Monday, hitting $10.84. The stock had a trading volume of 233,084 shares. Republic Airways Holdings has a 1-year low of $7.82 and a 1-year high of $13.92. The stock has a 50-day moving average of $10.44 and a 200-day moving average of $9.72. The company has a market cap of $539.6 million and a price-to-earnings ratio of 14.02.
Republic Airways Holdings (NASDAQ:RJET) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.09. On average, analysts predict that Republic Airways Holdings will post $1.31 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on RJET shares. Analysts at Imperial Capital raised their price target on shares of Republic Airways Holdings from $13.00 to $17.00 in a research note on Thursday, June 12th. They now have an “outperform” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Republic Airways Holdings from $10.00 to $9.00 in a research note on Thursday, May 1st. They now have a “market perform” rating on the stock. Finally, analysts at Bank of America upgraded shares of Republic Airways Holdings from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 24th. They now have a $10.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $11.82.
Republic Airways Holdings Inc is a holding company. The Company offers scheduled passenger services through its wholly-owned operating air carrier subsidiaries: Chautauqua Airlines, Inc (NASDAQ:RJET), Shuttle America Corporation (Shuttle), Republic Airline Inc (Republic Airline) and Frontier Airlines, Inc (Frontier).
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